Saturday, July 24, 2010

Missed Opportunities

Unplanned family commitments and Protege course work have dominated the past two days which has meant I've spent less time on Sim trading than I had planned.  As a result I missed trades on Thursday and by the time I was on screen the market had been in trend all day, was against value highs and was close to the end of my day.  The Blue box shows one time I did get to be on screen later than the triggered setup conditions, I had to sit on my hands to stop taking the trade, knowing I could well miss much more upside but also be taking on more risk and knowing the setup was outside my plan rules.

I also ended up having to be away most of Friday so decided not to trade at all. No trades past two days, not what I planned but being ill prepared and unable to focus on the game, I think this was the right choice.

Not counting three B/E trades I took 18 trades over first two days on SIM; 12 winners, 6 losers = 66% winners. Avg.Win/Avg. Loss Ratio = 2.42.

I've had a reasonable first two days in Sim trading and making progress in the right direction - good news.

I also took a quick look at the Euro 6E futures on Friday after much talk about it during the EL webinars and, I've had the 6E in my plans for sometime as a secondary market, it reminded me just how much and how well it can move and is definitely a market I'll be working on in the future.

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